Brean Capital Starts Synergy Resources Corporation (SYRG) at Buy
Tweet
Share
E-mailGet Alerts SYRG Hot Sheet
Price: $8.13 --0%
Rating Summary:
18 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 19
Rating Summary:
18 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 19
Join SI Premium – FREE
Brean Capital initiates coverage on Synergy Resources Corporation (NYSE: SYRG) with a Buy. PT $6.00.
The firm comments, "Synergy Resources is an independent exploration and production company operating in the prolific Wattenberg Field in the Denver-Julesburg Basin in northeast Colorado. We see multiple catalysts lined up for fiscal 2013, including increasing production and reserves, well results from other operators in the Mississippian Lime play, and additional takeaway capacity in the D-J Basin. Our $6.00 price target is equal to 85% of our $7.00 per-share NAV estimate, which assumes midcycle NYMEX benchmark oil and gas prices of $85/Bbl and $4.00/Mcf, respectively."
For an analyst ratings summary and ratings history on Synergy Resources Corporation click here. For more ratings news on Synergy Resources Corporation click here.
Shares of Synergy Resources Corporation closed at $4.32 yesterday.
The firm comments, "Synergy Resources is an independent exploration and production company operating in the prolific Wattenberg Field in the Denver-Julesburg Basin in northeast Colorado. We see multiple catalysts lined up for fiscal 2013, including increasing production and reserves, well results from other operators in the Mississippian Lime play, and additional takeaway capacity in the D-J Basin. Our $6.00 price target is equal to 85% of our $7.00 per-share NAV estimate, which assumes midcycle NYMEX benchmark oil and gas prices of $85/Bbl and $4.00/Mcf, respectively."
For an analyst ratings summary and ratings history on Synergy Resources Corporation click here. For more ratings news on Synergy Resources Corporation click here.
Shares of Synergy Resources Corporation closed at $4.32 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wedbush Starts Immunic Inc. (IMUX) at Outperform
- Goldman Sachs Starts Onto Innovation Inc. (ONTO) at Buy
- Chardan Starts Odysight.AI Inc. (ODYS) at Buy
Create E-mail Alert Related Categories
New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
